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Oral Answers to Questions — Egypt (Sequestrated British Property)

– in the House of Commons at 12:00 am on 27th November 1957.

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Photo of Mr Patrick Wall Mr Patrick Wall , Haltemprice 12:00 am, 27th November 1957

asked the Secretary of State for Foreign Affairs what steps Her Majesty's Government are taking to obtain compensation for British subjects whose property has been sequestrated by the Egyptian Government.

Photo of Mr William Ormsby-Gore Mr William Ormsby-Gore , Oswestry

As my hon. Friend explained in reply to a Question by the hon. Member for Fife, West (Mr. Hamilton) on 31st October. Her Majesty's Government are discussing in the Anglo-Egyptian financial talks in Rome the desequestration of British property in Egypt and compensation where this is due. Those talks are still in progress.

Photo of Mr Patrick Wall Mr Patrick Wall , Haltemprice

Would my right hon. Friend agree that the desequestration of a business where the goodwill has been lost is not of much value to the owner? Will he press for compensation rather than desequestration in these circumstances?

Photo of Mr William Ormsby-Gore Mr William Ormsby-Gore , Oswestry

That is precisely one of the matters that have been put to the Egyptian delegation.